The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1887-01-11

per cent aDu -, IL ,VVO sun bCaA ciA p
cent. Provisions have been made for
funding $4,000 II IL st. Joe raliroa
bonds falling due February %, 1887, and
S649, 900 Pacific railroad bonds maturing
March 10, 1887, by the issue OF | ,517 bonds
bearing 39 per cent, dated March ],
1887.
The interest on the entire state debt has
been promptly paid, including the January
1887 interest
The school fund indebtedness consists
n one certificate of 100000, bearing SIX
per cent. interest, payable annually jan
uary |, and three certificates, aggregatIng
S225, 900, bearing five per cent Interest,
PAYABLE semi-annually, January j, and
July /.
The seminary fund consists OF one SIX
per cent certificate of $i22,OOO, interest
payable annually, and one OF SloO,Ooo
bearing FIVE per cent. interest payable semi
annually. The agricultural college fund
consists of three certificates aggregatlng
$780,, 900, bearing five per cent. interest,
payable semi-annuaily.'
1t will be remembered that the act pro-
viding for refunding the public debt,
limits the bond. TO so bonds. The last
sale of bonds, on the 18th day Of August,
was remarkable for,the high price realized;
indeed, it is withou, a parallel Tor state
bonds. redeemable 80 short slime rs I'VE
years after issue 1t is my oSn opinion, In
which | am confirmed by manv distIn-
guished financieIs, that had the bonds
been irredeen,able under ten years, they
woul1 have brought even much higher
price | b.iisve 1920 buTds, hearing three
nrr cent Interest con ba sold AZ par or
above As = large part OF the state debt
falls duo la tie next two years, So,bJ2,OUJ
| cali Your particular attention 10 this
matt g: ,nd wond Suggest that you so
ameI II -" law ~ that the fund commls-
sioner .uav Issue 30 or lI-2O bonds as TO
them NAV seem best
Off, LIS OF THE EXECUTIVE DEPART
MINT.
OF these FIVE officers, three, the state
audinrr Sac state treasurer and the super
intenG-mt of public schools, make
repo! Is "ircctly 10 your body. A careful
examination of these reports Will satisfy
Won, that pot only are their offices conduct
ed with ability and fidelity, but these reports
also clearly show IhAt the affairs OF the
state are in most prosperous condition.
Fr IN personal observation, l am able 10
say that what is thus shown 10 be true oil
these three officers, is equally true OF thu
two. Sc cretary of the state AID attorney
general, who do 1 make such written re-
poris 10 your body.
OF the executive Offices established
nv legislative enactment, and having in
| charge matters Of very large interest 10 the
people. and whose incumoerarce make re-
port either to yau or 10 me, | call y,'' al
| tention TO the railroad commissioners and
register OF lands, which are filled 0y cleo
ton. and 10 the adiutant general, the COM
missioner of labor statistics and inspection,
the superintendent OF insurance, which are
Fl led by appointment
| From an examination Of their reports
aad personal acquaintance with the Con-
duct of these offices | am sure that the
gentlemen in them are doing their duty
under the law. But three oil these officers
The railroad commissioners, the adJutan:
general and commissioner OF labor statls-
ties and INSPECTION working under
very imperfect and incomplete laws. A
good law is of no account, unless worthy
and competent officers are chosen to exc
cute it. Equally true Is 1t, that, under
our form of government, the most capable
and energetic officer can do little IN
less he is furnish he'd with good and eth
Gent law to execute. We have long I'll
the want of legislation TO enable the rall
road commissioners TO accomplish wha
was intended in the esta olishment OF the
board. trust you gentlemen will do muct
toward meeting this want. For a specIh'
statement of the most important change
needed. | refer YOU to their tenth and elev-
enth annual reports.
The present acknowledgement has,
think, accomplished all that was practica
BILE tow ard increasing the efficiency OF Oul
state military under the present law. IOr
will find short and clear statement o
needed improvements In that law In hi
current report.
The current report of the labor statistics
and inspection shows that he has faithful,
exercised the limited authority his otnc
Caves in endeavors to accomplish the pur
pose sought IN establishing the office, anc
also sets forth clearly the defects OF e
the present law and suggests remedies.
, regard the work proper 10 this office as
great and rapidly increasing Importance t
our people, and trust you will give 1t clos
attention and adop, such measures as WI
maze il most efficient
UNIVERSITY AND AGRICULTURAL COZ
? LEGE.
, The university and agricultUr colieg'
being located at the same place ami COZ
. ducted by the same ia, nifty, 1t is conven
l lent to discus. them together. Not conten
: TO form my opinion at second hand
: YOU gentlemen are Obliged 10 dol recent
: iy wished Columbia and made persona
U examination of tines institutions FroT
: what | saw and heard of both teachers an
pupils. | am sure that our people ma
q we'll be prou of the head or highest d,
}; par,ment OF orr free school system: L
our university aud az icultural coll g
e as now wisely organized and associated
excellent opportunity is given the your
n men and women of your commonwealt
: to acquire the highest order of inslructic
:; and training N those studies and avoc
d lions which will fit them for useful cit